[ANN][AUTO-SWITCH] Profit-switch auto-exchange pool: CleverMining.com

[Terk]

We're back online. I'm sorry for the downtime.

[borris123]

Still getting reject duplicate shares. This is server side as I have never seen it on any othet . I you can fix this the reject rate will be loads lower. I already had 2 on each rig so far and 1 reject job not found

[Terk]

I know what's causing duplicate shares and I'm working on fixing this right now. It should be fixed in less than an hour.

[borris123]

I know what's causing duplicate shares and I'm working on fixing this right now. It should be fixed in less than an hour.

Great news. Gd work so far. Great support. Just wish my internet wud stop dropping out. There's a problem at the exchange

[beanhead]

Terk,

Even if you consider yourself a software development guy, you are one with a firm grasp of how to design a web site to draw people in.  In particular, I was keenly aware of the many ever-present repeated "start mining now" banners all over your main page.  You could likely find a second career in the production of porn web sites or infomercials with subliminal undertones should either interest you.  What you do choose to share, you present well.

The reason I decided to write was because as I was taking it all in, I was thinking to myself that here is a pool operator who finally gets what miners want, and then I stumbled upon the secrecy clause, buried deep within the bowels of the web site, hidden out of view seemingly with intention.  One of your competitors obfuscates anything and everything, and never bothers to answer anyone for any reason except that he was first in the game and still thinks he is the only one in town.  Another chooses to ignore tangible data including easily verified block chain data and how it shows that his switching algorithm likely has a correctable operational inefficiency affecting all of his miners, and instead of looking into it he chooses to go back and forth with a 140Kh/s miner on why he is missing his 0.000000002 btc from a single altcoin because his share fell below the eight digit precision to the right of the decimal point.

I don't care what coins I am mining.  I don't care which coins my unexchanged balance is sitting in.  It's largely irrelevant to me until it is converted into btc which is all I care to receive.  I don't need much of the extra data waffle provides, and I am a guy who recognizes that good decisions are based upon good data.  The real problem is, that with the exception of payouts and fees, all other data is subject to being easily fudged and finessed for personal benefit.  All I need is how much the proceeds are from my mining, and how much I pay you to make that possible.  It figures into my opportunity cost calculations.

Profitability is paramount of course, but I have a right to know how much I am paying you for your services.  And I am more than willing to pay more here than elsewhere for exceptional results, over statistically relevant time periods.  Though I strongly believe your 80% secret sauce / 20% luck estimates to be way off base, I am not interested in working though the data to prove it to you or anyone else.  It is a very common mistake to underestimate the effect of luck in short term statistics, and even the data sample size required in order to accurately reflect long term results.  And I believe you are making the very same one.  I don't want your secret sauce, I want to know how much I am paying you to make it.

There is tremendous opportunity in this space, and it will likely pass you by if you do not shore up your shortcomings.  Kudos to h2o.  He was first (I think) and deserves some credit for that.  But you're not second or third, or likely even tenth, but you could be a player if you shore up your shortcomings.  

The relationship between miners and pool operators is a symbiotic one.  If you take more than you give, as a pool operator you will likely find the relationship to be a very temporary one.

You ask for transparency?  Which multi coin pools detail the trades they make?  Stating a % fee is one thing, but without anyone knowing how much of each coin has been generated and how much it was traded for, who is to know that the % fee stated is actually the amount being taken?

Unless I am missing something h2o is not providing these stats for middlecoin, so his 3% fee means nothing to me.

Yes transparency is a great thing to have, but at the end of the day it revolves around profit for the miner (and the pool owner).  If the pool owner is too greedy or his/her algorithms just plain suck then people will walk.

[borris123]

Share is above target still happening as a reject as well to let you know. Not sure what that is either

[Strov]

I dont know whats the problem with the fees ..
He can take 99% fee. If you make more BTC/day than on other pools, it doesnt matter!
That would be even great for both sides  
Every info you need to calculate (BTC/hash in 24h, 30d; Profitability and so on) is there.

For me its the best pool for now. Ive tested 5 and the 2nd was just 75% as good and didnt payed that fast and easy.
So good work Terk! Move on  

But an EU server would be nice 

[Sovietaced]

Is your BTC/MH calculated on accepted share megahash or accepted + rejected share hash rate?

It's based on accepted shares. I know it's not perfect, but I think it doesn't make sense to base it on accepted+rejected as some malicious traffic flooding with invalid shares might easily skew the numbers. It can't do it when the stats are based on accepted hasrate.

This is interesting, it should probably be noted somewhere because those users with 5-10% rejects will be getting that much less of the estimated daily earnings and probably say wtf

[comeonalready]

You ask for transparency?  Which multi coin pools detail the trades they make?  Stating a % fee is one thing, but without anyone knowing how much of each coin has been generated and how much it was traded for, who is to know that the % fee stated is actually the amount being taken?

You're right.  Pool operators should provide all of this information to miners, but certainly not on a real time basis as that would have the potential to negatively affect the profitability of the pool.  Should it ever become necessary to audit their claims, all one would need to do is compare their stated results to the the public block chains.  24-48 hour delayed data would likely be suitable to the purpose.

Show me a pool operator who utilizes an efficient profitability algorithm _AND_ makes this data available for all, and I will show you the pool operator who will attract most of the scrypt miners on the planet.

[Sovietaced]

You ask for transparency?  Which multi coin pools detail the trades they make?  Stating a % fee is one thing, but without anyone knowing how much of each coin has been generated and how much it was traded for, who is to know that the % fee stated is actually the amount being taken?

You're right.  Pool operators should provide all of this information to miners, but certainly not on a real time basis as that would have the potential to negatively affect the profitability of the pool.  Should it ever become necessary to audit their claims, all one would need to do is compare their stated results to the the public block chains.  24-48 hour delayed data would likely be suitable to the purpose.

Show me a pool operator who utilizes an efficient profitability algorithm _AND_ makes this data available for all, and I will show you the pool operator who will attract most of the scrypt miners on the planet.

Hello, I'm right here.

[comeonalready]

Hello, I'm right here.

I'm almost afraid to discover what your issue might be (besides shameless self-promotion, which I'm okay with).  Every multi-coin pool operator so far seems to have one and I certainly hope not to find yours, though all I know about yours at the moment is that many people were not impressed with your profitability , so that is where I should probably begin...

[Sovietaced]

Hello, I'm right here.

I'm almost afraid to discover what your issue might be (besides shameless self-promotion, which I'm okay with).  Every multi-coin pool operator so far seems to have one and I certainly hope not to find yours, though all I know about yours at the moment is that many people were mot impressed with your profitability algorithms, so that is where I will begin...

We can take this over PM, don't want to derail.

[comeonalready]

Hello, I'm right here.

I'm almost afraid to discover what your issue might be (besides shameless self-promotion, which I'm okay with).  Every multi-coin pool operator so far seems to have one and I certainly hope not to find yours, though all I know about yours at the moment is that many people were mot impressed with your profitability algorithms, so that is where I will begin...

We can take this over PM, don't want to derail.

Really, after a post in which you wrote nothing but "wink"?  Too late!

Though we should indeed refrain from discussing any further here.  I'll take a look at it sometime this weekend.  Perhaps you will save me the effort of having to create my own pool with which to crush you all.

[Sovietaced]

Hello, I'm right here.

I'm almost afraid to discover what your issue might be (besides shameless self-promotion, which I'm okay with).  Every multi-coin pool operator so far seems to have one and I certainly hope not to find yours, though all I know about yours at the moment is that many people were mot impressed with your profitability algorithms, so that is where I will begin...

We can take this over PM, don't want to derail.

Really, after a post in which you wrote nothing but "wink"?  Too late!

Though we should indeed refrain from discussing any further here.  I'll take a look at it sometime this weekend.  Perhaps you will save me the effort of having to create my own pool with which to crush you all.

HA HA HA

[zneww]

Hello, I'm right here.

I'm almost afraid to discover what your issue might be (besides shameless self-promotion, which I'm okay with).  Every multi-coin pool operator so far seems to have one and I certainly hope not to find yours, though all I know about yours at the moment is that many people were mot impressed with your profitability algorithms, so that is where I will begin...

We can take this over PM, don't want to derail.

Really, after a post in which you wrote nothing but "wink"?  Too late!

Though we should indeed refrain from discussing any further here.  I'll take a look at it sometime this weekend.  Perhaps you will save me the effort of having to create my own pool with which to crush you all.

come on already

[Capttech08]

I know what's causing duplicate shares and I'm working on fixing this right now. It should be fixed in less than an hour.

I love the fast response from the operator! Keep that up!

Quick question - My previous pools suggested running difficulty of 1024. Are we there yet or should I drop back down to 512 for this pool for now? I'm not sure the reason they suggested 1024 vs 512. Thanks for the help.

[XliptTit]

Ok ladies, you are all beautifull

[Terk]

I temporarily disabled vardiff to test how it affects performance problems and rejected ratio. You don't need to worry even if you have low hashrate and your miner sends shares less frequently than before. It doesn't affect your profits, it only increases variance. You might send less shares but they are worth more (512 share is worth exactly the same as 2x 256 shares) and your overall result is the same. I'll let you know tomorrow wether/when vardiff is going back.

[Terk]

I will investigate various options. For now I noticed that some issues hurt our profitability and the easiest solution was to disable vardiff. I'll work on this tomorrow.

[Victoo]

Is there any coin list to see?